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Plastic factory catches fire in city

2014-08-12 00:00:00

A fire broke out at a plastic factory at Sowarighat in the old part of the capital on Tuesday night. On information, eight fire-fighting units rushed to the spot and are struggling to put out the blaze that broke out...

Gold down as Ukraine tensions ease

2014-08-12 00:00:00

LONDON, Aug 11 (Reuters): Gold fell slightly on Monday, retreating from a three-week high as tensions between Ukraine and Russia eased and investors turned to rising European shares and some withdrew from exchange-traded gold funds. Late on Friday, Russia's Defence...

Global Commodity Prices

2014-08-12 00:00:00

\\\'Int’l community watching Tuba garment factory situation\\\'

FE Report | 2014-08-12 00:00:00

The international community has been closely watching the latest situation at Tuba garment factory that has arisen over payment of outstanding wages. It has created fresh concern among the buyers. This was observed by the Canadian High Commissioner in Dhaka...

Accreditation board for organic farming proposed

FE Report | 2014-08-12 00:00:00

Experts have recommended the formation of an accreditation board to facilitate the farming of organic products in the country for food security and hygiene as they warned chemicals used in cultivation are farming land, food and human health. They said...

Plastic makers get new body

FE Report | 2014-08-12 00:00:00

Md Jashim Uddin has been re-elected President of the Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) for the 2014-15 period. Giasuddin Ahmed was elected senior vice president, and KM Iqbal Hossain and Md Golam Kibrea vice presidents of the...

Australia wants India to be \\\'best partner in business\\\'

2014-08-12 00:00:00

MELBOURNE, Aug 11 (PTI): Describing India as "natural partner", Australian Foreign Minister Julie Bishop has said that her country was seeking to elevate its status with India to 'Best partner in business' from business partners. "Australia and India are most...

News Briefs

2014-08-12 00:00:00

India Tata Motors Q1 profit triples NEW DELHI, Aug 11: Tata Motors' net profit more than tripled in the first quarter, the Indian giant said Monday, as sales soared at its British luxury marque Jaguar Land Rover. India's biggest automaker...

Photo: Economic affairs adviser to the Prime Minister Dr Mashiur Rahman

2014-08-12 00:00:00

Photo: NRB Commercial Bank Limited

2014-08-12 00:00:00

Photo: Midland Bank Limited

2014-08-12 00:00:00

RBI gets conditional support from Indian govt for inflation target

2014-08-12 00:00:00

NEW DELHI, Aug 11 (Reuters): The Reserve Bank of India, which wants to bring retail inflation down to 6.0 per cent, on Sunday received conditional support for this target from Finance Minister Arun Jaitley who is putting emphasis on stronger...

European stock markets mixed

2014-08-12 00:00:00

LONDON: European stock markets stumbled Tuesday after recording strong gains a day earlier, with sentiment hit by weak German data and uncertain developments in Ukraine. London's benchmark FTSE 100 index stood at 6,632.42 points, virtually the same level it closed...

Cambodia to get $118m from ADB for rural road project

2014-08-12 00:00:00

PHNOM PENH, Aug 11 (Xinhua): The Asian Development Bank (ADB) will provide nine poor rural provinces in Cambodia with year-round access to markets and social services through a US$118 million project to provide a safer, cost-effective rural road network, the...

S African bank put under curatorship

2014-08-12 00:00:00

PRETORIA, Aug 11 (AFP): South Africa's central bank placed embattled lender African Bank Investments Limited under administration on Sunday after it admitted being hundreds of millions of dollars in the red and saw its share price almost entirely wiped out....

Chinese firm allows Myanmar to renegotiate hydro deal

2014-08-12 00:00:00

YANGON, Aug 11 (Reuters): A Chinese firm that signed deals with Myanmar's former military rulers to build hydro dams said it could renegotiate the terms, which would see some projects supplying 90 per cent of power to China, in order...

Asean moves on to final phase

2014-08-12 00:00:00

NAY PYI TAW, Aug 11 (Xinhua): The Association of Southeast Asian Nations (Asean) is moving on to the fourth and final phase of implementation of Asean Economic Community Blueprint (2014-2015) after completion of the third phase (2012-2013). It was claimed...

BOJ warns of sluggish export recovery

2014-08-12 00:00:00

TOKYO, Aug 11 (Reuters): Sluggish Asian demand and a shift in Japanese production overseas will continue to weigh on exports, the Bank of Japan said, underscoring its waning conviction that overseas shipments will soon pick up and support a fragile...

exchange rate

2014-08-12 00:00:00

Photo: Bangladesh Krishi Bank (BKB)

2014-08-12 00:00:00

Photo: Bangladesh Commerce Bank Training Institute

2014-08-12 00:00:00

Photo: PANAMA CITY, Panama: A ship is guided by a tugboat through the Miraflores Locks

2014-08-12 00:00:00

BB to discuss boosting performance with NBFIs

2014-08-12 00:00:00

Bangladesh Bank (BB) will hold a meeting with non-banking financial institutions (NBFIs) on Tuesday as part of its move to improve performance of the banking and non-banking financial institutions, reports UNB. All the chief executive officers (CEOs) and top officials...

3 more bodies found

2014-08-12 00:00:00

Bodies are still floating in the rivers even nine days after passenger vessel Pinak-6 sank in the Padma River at Munshiganj's Mawa. Two more bodies - one of an around 25-year-old female and the other a 30-year-old male - were...

India probes bank loan to troubled Kingfisher airlines

2014-08-12 00:00:00

NEW DELHI, Aug 11 (AFP) :  India's top crime fighting body is investigating a $155 million loan by a state-run bank to debt-ridden Kingfisher Airlines, a police official said Sunday. The Central Bureau of Investigation (CBI) was conducting an initial...

Growth strong in UK, slips in Japan, eurozone on track : OECD

2014-08-12 00:00:00

PARIS, Aug 11 (AFP) : Leading economies are showing a steady growth trend overall, although Britain is doing particularly well and Japan and Germany are showing signs of losing pace, the OECD said on Monday. The eurozone as a whole,...

3-day Dhaka e-Commerce fair Sept 25-27

2014-08-12 00:00:00

A three-day 'Dhaka e-Commerce Fair 2014' will be held at Sufia Kamal Public Library in the capital from September 25-27. More than 100 potential exhibitors would showcase their products and services in the fair, reports UNB. Having success in arranging...

Canadian housing starts continue to rise in July

2014-08-12 00:00:00

TORONTO,  Aug 11 (Reuters) : Canadian housing starts continued to edge up in July, surpassing economists' expectations for a decline, while the previous month was revised slightly higher, data showed on Monday. A report from the Canada Mortgage and Housing...

Dollar steady in Asia trade

2014-08-12 00:00:00

TOKYO, Aug 11 (AFP) :  The dollar stabilised Monday morning, following a sharp drop against the yen after last week's announcement that US President Barack Obama had authorised air strikes in Iraq. The dollar strengthened to 102.17 yen in Tokyo...

Photo: BEPZA

2014-08-12 00:00:00